Entered AUD/USD at 1.0950 on 26 July. Exited July 26 at 1.1042. Result: +92 pips
Entered with no stop. Greatest open loss: 15 pips Greatest open gain: 110 pips
Sometimes a trade that is bought minutes or hours ahead of data looks whimsical but when it’s good, it’s often because it was set-up long beforehand.
Our base case is for a bounce in stocks and USD after a debt ceiling deal is reached. We see a 90% probability of a deal before markets open on Monday and we will continue to trade in that direction.
Our trades were working for us until late in the session Thursday when sentiment worsened [...]
The FXButton Newsletter
TagsAUD AUD/CAD AUD/USD Bank of Canada BOC bonds cable CAD canada chf debt ceiling Deflation disinflation dollar EFSF EUR EUR/USD euro fed forex forex analysis forex news forex signals forex trades forex trading tips FX_Button gbp/usd gold Greece JPY nzd Papandreou politics RBA RBA Preview S&P 500 SPX stocks technical analysis trading diary trading tips USD USD/CAD USD/CHF USD/JPY